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. hungry for a deal, warren buffett partners up to buy up ketchup maker heinz in a $28 billion deal. the u.s. airways/american airlines merger is ready for take-off, and the companies say they see no turbulence ahead from washington regulators. and senate democrats offer their plan to head off the sequester's sharp spending cuts. we get the details from michigan senator debbie stabenow. we have that and more tonight on "n.b.r." two big sweetheart deals on this valentine's day: american airlines is merging with u.s. airways, creating the world's largest airline company; and warren buffett is buying h.j. heinz, the biggest food company acquisition ever. we'll have more on american in a moment, but we begin tonight with buffett and that surprising mega-food deal. the billionaire investor is teaming up with the billionaire owners of 3g capital to buy the ketchup maker for $28 billion. the private equity group and buffett's berkshire hathaway are paying $72.50 a share in cash. that's a 20% premium over heinz's closing price yesterday. ruben ramirez reports. >> reporter: the oracle of omaha now
private. >> warren buffett is starting to get older at this point, and, in this case, he's having 3g handle the operational side of this transaction. >> reporter: while buffett's age may be advancing, he's still very interested in doing deals in well-known brands. it's not the first time buffett has partnered to do a deal. five years ago, berkshire worked with mars in a $23 billion acquisition of wrigley. and just last year, berkshire was part of an unsuccessful $10 billion bid by coty to buy avon. but new york university business professor aswath damodaran says this deal is all about the experience 3g's team brings to the table. >> the one thing they have going for them is, they've run other companies very well in brazil for a long time. and these are people with a long history in consumer products. >> reporter: others say 3g, like buffett, is in it for the long- haul. >> 3g likes to hold its investments for the long-term, so it doesn't look to, like, buy then sell in a few years like a lot of private equity firms. >> reporter: 3g is run by jorge paulo lemann. he and buffett both se
have been under pressure. what we saw with u.s. airways, it was getting hit hard. warren buffett's company, berkshire hathaway, buying time out right here. they called it at 7250. >> yes, they just think it's a great product. he said he was absolutely going to be in for the long term. liz: it's not a classic equity deal where they shine it up. david: we just saw whole foods getting kicked today about 10%. >> that is not good news. david: as you can see, we have very big movements. do not be fooled when we see the dow jones down, the s&p 500 is up a little bit. less than a 10th of a percentage point, nasdaq, the biggest mover is the rest of 2000. it is the individual stocks, we have seen some big movements by individual stocks and we will be talking about coming up. liz: did you see the coal industry sector? lots of natural resources after the fourth-quarter earnings. all gaining more than 4%, 13 full percentage point. david: when you see that it is settling at the lowest level in six months, that is what gives people a lot of concern. it is just about at the 200 day moving averag
're not done. warren buffett buys heinz 28 billion dollars, windfall for john kerry? "varney & company" is about to begin. ♪ [ cows moo ] [ sizzling ] mo rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >> you know, this is the big deal of the year so far. wait for it, warren buffett's berkshire hathaway and 3g capital buying heinz, 28 billion dollars. heinz shareholders will get 72.50 for each common stock they own, that's a 20% gain over yesterday's closing price. 28 billion total, and the shares in the pre-market close to 72.50. there's a side bar here in the newly installed secretary of state john kerry, his wife is part of the heinz family. all right, it's official now, u.s. airways, american airlines are going to merge, a 11 billion dollar all stock deal creating the world's largest airline and shareholders own 72% of the company and u.s. air 28%, watch out
and american airlines would merge. first let's hit heinz. i am going to stick with heinz. warren buffett, berkshire hathaway. obviously at a premium. heinz is up 20%. watch the 3:00 p.m. show, we will certainly delve into it more for you. he loves their products. he loves the emerging markets. he thinks it was a great buy. then, we will talk about u.s. airways and american airlines merger. you can see they are finally coming together. the u.s. airways ceo will remain in the top spot as ceo. u.s. airways is down right now. dagen: thank you, nicole. connell: we are waiting for the speaker of the house, john boehner. we say take a look at this. a little over two weeks until automatic spending cuts will kick in. congress taking a week off leaving you just six working days to get something done. dagen: wait until the last minute has become the norm. how do you think this plays out? >> i think the impact on the economy will be small. the cuts are relatively small. we had $175 billion in tax increases at the end of the year. connell: you are saying to let the sequester kick in? >> spending is r
. >>> congratulations to "squawk." what a breaking news. warren buffett making a big deal with heinz. i'm carl quintanilla from the stock exchange. kramer is off. we hope aol call in. heck of a week to take a vacation, one of the biggest months for m and a. year-to-date, m and a volume up 25%. berkshire hathaway, 3g buying heinz for $72.50 a share. $28 billion in debt. i know you've been working this, too. the notion now buffett is prorking with operational partners important -- portends a new area. >> one after a flurry of phone calls, the power of the brazilians. we keep saying this name 3g. people might be somewhat familiar when they think about abm or the buyout of burger king. really what 3g is is an investment vehicle for three of the richest men in brazil, some of the richest men in the world, frankly. one of them in particular. jorge paolo. there it is. they tell us, jorge paulo on the board of gillette. he was the driving force behind this deal having approached warren buffett, not long ago. this happened very, very quickly. something we'll start reading about, perhaps second day lead
high. so warren buffett talking very postively about this move. he is hot on heinz. back to you. tracy: thanks, nicole. we'll see you in 15 minutes. ashley: as nicole was talking about berkshire hathaway's takeover of heinz won't be warren buffett's first venture into the food business. he previously owned a chunk of kraft shares but cut his stake in 2010 after it took over british candy company cadbury which buffett called, dumb, unquote. in 2008 berkshire hathaway along with goldman sachs and jpmorgan provided financing for mars acquisition of wrigley. you can remember back then, berkshire hathaway took a minority stake in the wrigley subsidiary. there you go. a little bit of history. for more on today's deal, tune into "countdown to the closing bell" at 3:00 p.m. liz claman will speak to the man himself, warren buffett live. we'll hear from warren buffett at 3:00 p.m. don't miss that. tracy: he is kind of a food guy, right. ashley: he is. tracy: dairy queen. ashley: he buys and likes what he knows. he likes ketchup on his fries. tracy: let's get back to the airline deal. american ai
by warren buffett and the 3g people. >> obviously it's an eye-poppingly attractive order ever offer to the board. a 20% premium in the last day alone. having said that, what is going on? did the environment economically compel this move? i asked the same to airline giants whether that propelled doing a deal sooner rather than later because in this environment, you don't know your alternatives or you feel you should entertain these things more than normal. >> in our case it's different. we're being acquired from a position of great strength a consecutive run of high, excellent performance and traded at a high stock price. in our case it was the opportunity when 3g approached mr. buffett but getting together and acquiring what is my view, one of the two or three great brands in the world, certainly one of the leading brands in the united states and uk. the opportunity just matched the time and matched the lending conditions available and engine -- it was a good time to get forward. >> one could step back from this and say big deals are back, whether dell trying to take itself private
that includes warren buffett. the $23.3 billion deal announced today will make heinz a privately held company. on wall street today, the dow jones industrial average lost nine points to close at 13,973. the nasdaq rose a point to close at 3,198. those are some of the day's major stories. now, back to jeff. >> brown: there were more hurdles today for president obama's secretary of defense nominee. late this afternoon, senate consideration of his appointment was delayed on a procedural vote of 58 to 40. at this point, the senate won't vote on him again until february 26 at the earliest. margaret warner has the story. >> there has never in the history of the country been a filibuster of a defense secretary nominee, never. >> warner: senate majority leader harry reid went to the senate floor this morning and blasted republicans for blocking a vote on chuck hagel, for the pentagon's top job. >> this isn't high school getting ready for a football game or some play that's being produced in high school. this is, we're trying to confirm somebody to run the defenses of our country. >> warner: democrats
. if no deal is reached by march 1, cuts will take place. >> warren buffett is getting into the food business. arch are half weigh is teaming up with three g capital to buy -- berkshire hathaway is teaming up with three g capital to buy heinz. the mu has to be approved. shareholders expect to close it and the third quarter -- shareholders expect to close it and the third quarter. coming up people and one group are turning their heart ache around and using it as fuel to help themselves. >> some happy couples are tying the knot today. >> a milestone for the redskins today. >> here is a live look outside this noon. >> you're watching abc 7 at noon with scott thuman and cynne simpson. this is abc 7 news at noon. on your side. >> metro is proposing a deal in hopes of bringing the fbi's new headquarters to prince george's county. authorities will vote today whether to make 78 acres of its land available to the bureau. the fbi is looking in virginia and maryland for new states for its headquarters. the washington redskins start working on their new training camp in richmond today. virginia governor
in the news. george soros, new secretary of state john kerry, and warren buffett, yes, the warren buffett rule. on the agenda coming up and also on the agenda, climate change and the carbon tax. yesterday the environmentalist made the claim that green energy is cheaper than coal and natural gas. really? we'll get the facts and a reaction to this after the break. >> clean energy, that's also available here in the the united states, that's coming in now cheaper than coal. cheap her than new gas, puts more people to work than dirty fuels like coal and gas. >> wait a minute, wait a minute, wait a minute. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal
can get him to talk about this. >> speaking of warren, i put on the red tie. and this is a buffett -- >> for valentine's day? >> and buffett sent me this tie. remember you were out there with him and he took it off. >> kind of -- >> now to react to my tie. >> i ran out to get -- >> what i didn't mention -- >> playing catch-up ball. >> he immediately took a tax write-off for what he sent this tie. even though he loves everyone else. he did say, you know, i don't know what this was worth but i think he did, whatever he paid for it. he wrote it off as charity. which we love him. i wonder, really, whether, i think buffett is different. when he decides to buy. i don't this necessarily means -- but it should, maybe. maybe this money -- >> got in at the right -- you know he's been playing with this for some time. just the timing was right. >> and you know, he could have bought heinz, k-e-t-c-h-u-p but then there's the other one, hunt's, c-a-t -- do you know what the difference is, andrew, and why this one was more attractive? >> is hunt's owned by conagra? >> and there's talks about what
for 10 hours on a saturday. liz: it is real practice not necessarily theory which you get. warren buffett is famed for saying business school isn't really necessary. this seems like something obviously that he liked because you've got him to sit on the advisory council. he came here and spoke to some of the graduates or people who were in the class. i thought to myself, we covered warren buffett a lot. he told me doesn't like sitting on board. he doesn't like doing charity events the fact you got him to do it, how do you sell it? >> small businesses. growing america. warren buffett is all about growing opportunities, growing jobs and growing the economy in the united states. we went to warren with this idea. he loved it at the first moment he saw it. he realized economic impact of really affecting small businesses in the united states. liz: you know small businesses have been through thick and thin and a lot of thin lately too. goldman sachs, one would argue has been through tough times during the financial crisis. the quarterly numbers, where i want to get to the business questions is wh
evening. i'm susie gharib. tom is off tonight. hungry for a deal, warren buffett partners up to buy up ketchup maker heinz in a $28 billion deal. the u.s. airways/american airlines merger is ready for take-off, and the companies say they see no turbulence ahead from washington regulators. and senate democrats offer their plan to head off the sequester's sharp spending cuts. we get the details from michigan senator debbie stabenow. we have that and more tonight on "n.b.r." two big sweetheart deals on this valentine's day: american airlines is merging with u.s. airways, creating the world's largest airline company; and warren buffett is buying h.j. heinz, the biggest food company acquisition ever. we'll have more on american in a moment, but we begin tonight with buffett and that surprising mega-food deal. the billionaire investor is teaming up with the billionaire owners of 3g capital to buy the ketchup maker for $28 billion. the private equity group and buffett's berkshire hathaway are paying $72.50 a share in cash. that's a 20% premium over heinz's closing price yesterday. ruben ramir
investor being warren buffett, they weren't involved, haven't been called out just yet. the smell test isn't great right now. >> well, with respect to the premise of the segment, i think it's silly to accuse the justice department of doing the treasury department's bidding. it just doesn't work that way. there's a longstanding tradition of going after number one, the market leader, and trying to set, to make an example. >> the market leaders. >> hold on. >> that's the point that he's trying to make. >> and let-- finish the point, adam. >> trying to understand it. >> you make an example of somebody with deep pockets. i've said that earlier. we don't have to like it, but that's how litigators and regulators go about their business and by the way, it is punitive m in case. >> okay, ben, again, saying you make an example. it's pretty curious and no one feels sorry for any of these guys, they put america through hell. why the timing of it? why s & p and none of their competits? >> wiell, i'm not fan of eric holder, i know him personally a little bit, but not a fan of him as an attorney general.
a new owner who is himself just about a household name these days. billionaire investor warren buffett announced today he's teaming up with a brazilian private equity firm to buy heinz, the pennsylvania-based brand name for $23 billion. buffett already owns dairy queen and a candy company and he's famous for his love of cheese burgers. so this purchase kind of made sense to a lot of buffett-watchers. >>> senator frank lautenberg the senior senator from new jersey, a democrat, announced today he will not run again. lautenberg is a five-term senator, the oldest serving senator, 89, and the last remaining world war ii veteran currently in the u.s. senate. the race for the seat will be closely watched. newark's mayor cory booker has already filed papers to run for his seat. >>> the president was on the road today. in fact, he was practically on the floor with a bunch of preschoolers. lots of hugs and high-fives in a pre-k classroom in decatur, georgia. a look under the magnifying glass. one of the 4-year-old's asked if he was their teacher. after that got cleared up, there was another reas
.3339. >> now, billionaire investor warren buffett wants to dip into the catch of business. he is set to buy perhaps the world's most famous maker of ketchup. that is heinz. >> shares in heinz rose sharply on the news, gaining 20% by the end of the day. the pittsburgh-based company sells 650 million bottles of tomato catsup a year as well as producing many other food brands. there is another megadeal in the making -- american airlines and u.s. airways say they want to join forces in creating the biggest airline in the world in terms of passengers. >> that move comes just one year after american airlines filed for bankruptcy. analysts say the merger is likely to trigger more consolidation of airlines in the u.s. >> first, it has to get pass congress, and a leading legislator has already asked if it could hurt consumers by cutting competition pam -- by cutting competition. >> the world largest airline could be created if a merger between u.s. airways and american airlines is approved. u.s. carriers dominate the global airline industry. in 2011, american airlines was in fourth place. u.s. airwa
-hathaway, warren buffett's group, buying heinz, the a-m-r u.s. airways deal. what does this mean for wall street? > > i think it is really good. i think it points toward some bullishness in the market, and some bullishness in the m&a market, which is good for everybody. i think that you could see a real pickup in m&a activity toward the end of q1 and into q2, which is bullish the s&ps and dow for sure. > thank you mark. have a good trading day. > > thank you. the merger of american airlines with u.s. airways is the 5th large airline merger since 2001. our cover story takes a look at who wins on the business side and whether consolidation of two more large carriers is good for consumers. american airlines keeps its name, but analysts say it'll be u.s. airways management in charge with increased collaboration from employee labor groups. "i'm hopeful and optimistic they'll include labor, whereas american did everything to exclude labor from their business practices." both airlines have been flying in different directions. since november, 2011, american, operating under bankruptcy protection, lost $
ketchup sold for $23 billion to warren buffett's berkshire hathaway. shares of anheuser busch, in bev and grupo modelo were higher after inbev changed the $20 million acquisition with the brewer. they were worried about lack of competition. >>> scrapping lithium batteries in a-350s, tiffany & company filed a federal lawsuit against costco thursday claiming it falsely sold diamond engagement rings in their stores under the tiffany name. >>> walmart's british supermarket discovered horse dna in it's beef bolognese sauce. >>> women making strides but still short when it comes to pay. new labor data shows women make 81% compared to their male counter-parts last year. >>> a very happy valentine's of dave and nancy honeywell. they collected a $207 million jackpot, a one-time payment of $136 million. the odds of that win, 1 in 175 million. >>> straight ahead, kangaroos take over a golf tournament and lebron hands kevin a big one just before the all-star break. you're watching early "today." stories that caught our eye this morning. in connecticut, thousands came out to rally for gun control.
for heinz. sold to warren buffett. shares of anheuser busch inbev were higher after it changed its terms of its acquisition of the mexican brewer. >>> in the wake of boeing's battery problems, air bus is scraping the same lithium ion batteries. >>> tiffany and company failed a lawsuit against costco thursday saying that it falsely sold diamond ring under the tiffany name. >>> well, women have made huge strides in the work place but they're still falling short when it comes to pay. women made only 81% compared to their male counterparts. >>> it was happy valentine 's the day for this couple, they collected a $217 million powerball jackpot. >>> straight ahead -- kangaroos take over a golf tournament. and take a look at this amazing video from san diego. where sea world welcomed a new bundle of joy. you're watching today's "first look." to have germy surfaces. but after one day's use, dishcloths can redeposit millions of germs. so ditch your dishcloth and switch to a fresh sheet of new bounty duratowel. look! a fresh sheet of bounty duratowel leaves this surface cleaner than a germy dishclo
and tomato catchup. warren buffett is teaming up investment firm -- with a brazilian investment firm to the ui -- to buy heinz. for 26 million dollars. perhaps devoting spare time to a challenging piano concerto. a video from the vatican tv shows pope an addict playing the piano. -- shows pope benedict playing the piano. showcasing work at the berlin film festival. this is in contrast with the rest of journey, where many women are unable to get work because of childcare. . >> the berlin film festival, i berlin itself, has always had a reputation for being edgy and different. for filmmakers like stacy, that is good news. >> all the other filmmakers i know also feel that way. if they are making cutting edge or edgy material, they are interested in going to berlin. interested in going to berlin.
as the iconic ketchup brand sold to $23 billion to warren buffett's berkshi berkshi berkshire's hathaway. >>> shares of grupo modello were higher. federal regulators are worried about lack of competition in the beer market. >>> in the wake of boeing's battery problems, airbus is scrapping the same lithium batteries in its new a-50s. >>> tiffany and company filed a lawsuit against costco thursday claiming it falsely sold diamond engagement rings in its stores under the name. >>> walmart's british supermarket discovered horse dna from its beef bouillonese sauce. >>> women have made huge strives in the workforce. women made only 81% as their male counterparts last year. >>> and it was a very happy valentine for dave and nancy honeywell of fredericksburg, virginia. the lucky company collected $217 million powerball jackpot as a one-time payment of $136 million. the odds of that win, 1 in 175 million. that is a great valentine's day. >>> well, straight ahead, kangaroos take over a golf tournament. and lebron hands kevin a big one just before the all-star break. you're watching "early today."
as the iconic ketchup brand sold to warren buffett. >>> shares of grupo modello were higher. federal regulators are worried about lack of competition in the beer market. >>> and airbus is scrapping the same lithium batteries in its new a-50s. >>> tiffany and company filed a lawsuit claiming it falsely sold under the tiffeny name. >> and walmart pulled a product from its shelves. >>> women have made huge strives in the workforce. women made only 81% as their male counterparts last year. and it was a very happy valentine for dave and nancy honeywell of fredericksburg, virginia. the lucky company collected $217 million from the powerball jackpot as a one-time payment of $136 million. the odds of that win, 1 in 175 million. >>> straight ahead, kangaroos take over a golf tournament. and lebron hands the cavs a big one. you're watching "early today." >>> welcome back. now to some other stories that caught our eye this morning. we start in connecticut where thousands came out to rally for gun control. marchers for change coincided with the two-month anniversary of the sandy hook tragedy. governor dann
america. and $700 million in europe. an investment group that includes billionaire warren buffett, includes heinz. it is the largest in the industry, valued at $23 billion. the company also makes classico spaghetti sauce, ore-ida potatoes. in new york, i'm alexis christoforous. >>> a louisiana news team joins the latest dance craze. the man in the background starts the harlem shake, while the anchors look at their scripts. then the beat drops and everyone gets in on the action. the dance phenomenon, it's sweeping the nation, believe it or not. tens of thousands of harlem shake videos have been uploaded to you tube this month alone. kai, i'm just trying to take it all in. >> can i ask you a question? can you see that happening here? >> on certain days, yes. today? >> tim has done his ray lewis dance. >> he has done that dance. >> it's possible. >> and we've all done the bernie from time to time. >> but that -- >> it looked hard. >> i didn't feel it, though. >> i'm a little tired just watching. >> me, too. we'll leave it to the folks in lou
average lost 9 points on thursday while the nasdaq close 1 point higher. >>> billionaire warren buffett is teaming up with 3g capital, a brazilian-backed private equity company to buy heinz for more than $23 billion. ketchup is the most famous of the heinz' 57 varieties. they're expected to expand the 144-year-old company too into a global powerhouse. heinz shares were up 20% closing at $72.50 a share. >>> toyota will pay $29 million to 30 states and american samoa to settle a safety lawsuit filed by attorneys general. the lawsuit was related to allegations that toyota concealed defects in its vehicles that led to unintended acceleration. toyota has agreed to provide information to its customers in a more timely fashion. >>> and, finally, the house lost big at the trump plaza casino and resort in atlantic city, new jersey. a california company brought the struggling gambling hall for $20 million on thursday. the trump plaza cost, get this, $210 million when it was built almost two decades ago. the new owner says they will make a sizeable investment in the property.
. >>> that infamous 1979 heinz commercial says anticipation keeps ketchup lovers waiting but not for warren buffett. berkshire hathaway has teamed up with an investment group to buy h.j. heinz and the deal is valued at $28 billion the assumption of $4 billion in debt, but first the takeover has to be approved by heinz stakeholders. >>> coming up a young mother with parkinson's disease and the life changing surgery now being respected for more patients, we take you in the o.r. in tonight's health alert. topper? >> very nice. we have sunshine and calm winds, but big changes on the way. we'll show you temperatures. i'd grab a light jacket if you're going out, 48 downtown, 45 in gaithersburg, 48 in leesburg and manassas, 47 in fairfax, 42 in annapolis. we'll come back, talk about a cold front. we're talk >>> breaking news, republicans have temporarily blocked the vote on the nomination of senator chuck hagel as defense secretary. some of his former gop colleagues held up the vote as a way to demand more information from the white house on issues including the september attack on the american consulate
that or investors are late to the party. >> getting in now goes against the legendary advice from warren buffett, when they all zig, you should zag. >> there's more greed here than fear. >> in my view, it's a correction waiting to happen. >> real or not, the s&p 500 has doubled since the lows in 2009. companies are flush. profits are growing. and there's this guy. >> if the fed wasn't doing quantitative easing, the markets would easily be 20 po 30% lower than where they are today. >> with apologies to the little rascals, it's baby ben throwing money into the economy, $85 billion a month with no ent in sight. does that mean you should jump in? >> you always have to step back. why are we investing in stocks or investing in bonds? it has to fit your own personal situation. and until we do that, i don't think anybody should be investing in anything. >> will stocks keep going higher. if i knew that, i'd be on a caribbean island. the better question -- do you have a plan? >> if you have a financial goal of buying a house or starting a business, this is not the time to use the stock market as a gamble.
0.12%. >> thanks for that, sixuan. warren buffett berkshire hathaway and 3g castle teamed up to buy heinz for $23 billion in cash. that's a 19% premium to the stock's all-time high, including debt. the buffett/heinz deal is the largest ever acquisition in the food industry. now, mr. buffett counts dairy queen among his food holdings. what iconic food brands should mr. buffett be joining next? send me an e-mail, tweet me. what else should mr. buffett put on his buffet? >>> so is it war and peace for currencies at g-20 meeting? still to come, we'll speak to lael brainard. we've got retail sales out today in the uk. the manager director of giesen hawks will join me to size me up at 9:40 cet. >> geeld touches a six-week low in asian trade. we'll discuss the opportunity for the precious metals market at 9:to. plenty more to come on "worldwide exchange." to grow, we have to boost our social media visibility. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't
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. >> i know he's smart. i hope he pays his taxes. let me go back to you, dan. what does it warren buffett purchase of heinz mean? >> i think it's very hard to make a larger argument about this. this was the dominant story of date obviously but muff likes dell situation, i think it's very much a one off. there was some bidding up of the other consumer companies, but this is a very big takeover, a warren buffett style company. i don't think you can make a larger argument about the heinz particular takeover. we're up to about $180 million of m & a in the first quarter. >> that's great. >> it's cooking. >> it also tells you money is very easy. it also tells you the m & a crowd, the private equity crowd, it's real cheap to borrow money to go and invest in these companies. >> there's a lofts cash sitting on the sideline. >> but jim pethokoukis, when you do gigantic m & a, do jobs go up or down? >> that depends on the deal. there's going to be some thinking that jobs are going to go down. >> diane, the same question. >> down. >> you're worried about job creation and growing the economy, m & a wo
a little later. after the break, some fishy trading apparently ahead of warren buffett's heinz announcement, the big deal that was announced this week. plus, trading at the nasdaq as early as 4:00 a.m. that was the fishy informing we're getting. we'll speak to a manager who can help pull back the curtain on these wall street moves. and two weeks away from the automatic spending cuts that will take place on march 1st. former fed chairman alan greenspan is here to join me to talk about what that could mean for the market and your money. will apple kill the xbox? who says. someone who helped create the xbox apparently. he's come up in a cnbc exclusive. back in a movement then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. this is the pursuit of perfection. and the next chapter for lexus. (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i
information to its customers in a more timely fashion. getting back to warren buffett and heinz, he must really like his ketchup. $23billion. put it on everything. >> really. >> another piece of pie. put it on there. i guess the house lost big at the trump plaza casino at the resort in atlantic city. he gave this casino away, basically, right? >> pretty much. the house took a pretty big loss on this one. a california company bought the struggling gambling hall for $20 million on thursday. the trump plaza actually cost $210 million when it was built almost two decades ago. the new owners say they will make a sizable investment in that property. that was like getting it on final clearance sale. what a deal! wow. >> as is. i know. all right. ashley morrison of cbsmoneywatch.com, thank you. have a great weekend. >>> it is 5:47. that is the word of the day. weekend! >> weekend. >> yeah. weekend! and what a weekend it's going to be. i think the weather is going to hold, too. what a day yesterday on valentine's day. today maybe warmer. mostly cle
into that deal, gentlemen, warren buffett's berkshire hathaway and brazil's 3g ketchup king, buying it out for about $23 billion, the buyingest buyout ever in food industry. shareholders get $72.50 per share but that is a 20% premium to heinz closing stock price yesterday. who are the big winners? check out heinz top institutional shareholders. it is really a who's who list. blackrock, vanguard, state street, capital world and fed rated. warren buffett on squawk box earlier this morning and he talked about his partnership with 3g to buy heinz. >>er with putting up more of the money but going to be an equal equity partner with 3g. and there will be 8 billion of preferred stock. and then well each have 4 and a fraction billion of common equity. swoel split the equity. but we're a financing partner in addition and there are the operational guys. >> well, we always think about ketchup with heinz, but if isn't just about ketchup. take a look at other brands it owns, such as tgi fridays. classico and food star. they have been moving smartly to the upside. see the spike at the right-hand side, it
burger king since 2010. you remember 3g is the company teaming up with warren buffett to buy hj heinz. boosted by sales of the most recent acquisition, that being bolt house farms. and vf corporation saw revenue rise to $3 billion on increased demand for flagship clothing brand like north face and vans. view? >> an insider trading inquiry into berkshire haur burr shir haberkshire hajj way. >> there are bets the stock will rise just ahead of the deal it take the food giant private. the trading giant in heinz calls is 80 contracts a day. monday and tuesday's volume was weak before spiking wednesday to 3400 contract or more than four times the daily average. a red flag to former sec lawyer robert heim. >> as a former sec prosecutor, i know when you see a spike in options trading like we saw before the heinz deal was announced, it is a very suspicious move. >> on those calls, over 2200 of them acquired in three block trades of june 65 calls. a good trade given thursday's news. warren buffett, berkshire hathaway. the 20% premium over wednesday's closing price and holders of june 65 calls a
to today's market moment. warren buffett's berkshire hathaway making a splash on wall street. berkshire and private equity firm 3g capital acquire heinz more more than $23 billion. warren buffett spoke to our own liz claman about the deal and the 72.5 share purchase price a short time ago. take a listen. >> how did you pick the price of 72.50 with the 3g guys? >> they did most of the work what to pay. i went along with it and, i was reluctant but i signed up. melissa: there you go. meanwhile the european union's economy contracted the most in four years. the unly sharp drop led to a sharp drop on wall street. blue ships dropped nine points. nasdaq and s&p 500 eked out slight gains with the s&p hitting a fresh five-year high. >>> coming up on "money", the government love affair with solar and wind energy has never been stronger but will it turn the lights out on the nuclear energy industry? ceo of westinghouse electric joins us exclusively. that is coming up next. >>> plus love is filling the air today. making guys they would normally never buy to win women's hearts. if you want to win m
, the same fund partnering with warren buffett to buy heinz. energy exploration company apache continued putting pressure on the energy stock sector, after reporting disappointing results for the fourth quarter in a row and a problem with an offshore well.st apache fell another 4.3% on heavy volume. the stock has fallen $7.50 per the company shut in an exploratory shallow water well in the gulf of mexico after detecting an underground flow of natur gas. regulators said it appears the company acted properly.at gold is at its lowest price since august tonight, aftery. falling $26 per ounce dato down more than 1.5% settling bojuda astve $1,600 an ounce. a late yesterday in a filing, billionaire hedge fund manager orge sgeos disclosed selling s about $100 million of its position in a gold exchange traded fund in the third quarter last year. four of the five most active traded exchange traded products were lower. the russell 2,000 tracking fund eeked out a small gain. and that's tonight's market focus. >> tom: yes, the u.s. stock market remains near five year highs but for real growth, tonigh
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